Silver on MCX settled down -0.74% at 38275 in response to an easing of trade tensions after the United States agreed to refrain from imposing tariffs on cars from the European Union.
The two sides will also begin talks to cut other trade barriers, they announced following a meeting at the White House.
The ECB decided on its governing council meeting that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0%, 0.25% and -0.40% respectively.
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